Androscoggin Bank’s Online Account Opening Procedures Lead the Pack
Lewiston, Maine - December 10, 2011 - Since introducing online account opening in January 2010, Androscoggin Bank has created an industry-leading success rate for converting prospective customers to account holders online, improving from 55 % conversion in early 2010 to 70 % after making meaningful changes to the system. Bank Systems & Technology, one of the banking industry’s leading publications, has recognized Androscoggin Bank’s efforts. ... read more
Androscoggin Bank Proudly Supports First Art Walk Lewiston Auburn
LEWISTON, Maine - May 19, 2011 - Androscoggin Bank today announced the bank's participation in the inaugural Art Walk Lewiston Auburn, which will officially kick-off with a public reception on Friday, May 27 and will continue from May to September. ... read more
Dave Eldridge and Jean Claveau join Androscoggin Bank’s Commercial Lending Team
Lewiston, Maine - Androscoggin Bank is pleased to announce the addition of Dave Eldridge and Jean Claveau to the Commercial Lending Team. ... read more
New Options and Tools Available to Consumers to Help with Federal Regulations (“Reg. E”) Regarding Overdraft Privileges
Lewiston, MAINE – May 26, 2010 – Androscoggin Bank, a community leader in financial services, today announced new banking options and tools for consumers affected by a recent federal banking regulation around overdraft privileges.
Beginning August 15, 2010 for existing checking account holders and July 1, 2010 for individuals opening new checking accounts, the new federal regulation will significantly alter the way consumers can use their debit card for everyday purchases and/or ATM transactions. ... read more
Androscoggin Reports Results from Annual Meeting
Lewiston, MAINE – February 1, 2010 – Chairman Dermot T. Healey welcomed the Board of Directors, Corporators and employees to the 140th annual meeting of Androscoggin Bancorp, Mutual Holding Company (MHC), held at the Ramada Conference Center in Lewiston on January 26, 2010.
Bank President and Chief Executive Officer, Steven A. Closson, reported that at year end, Androscoggin Bank’s loan portfolio totaled $567 million, representing nearly a 7% increase over 2008. Also at year end, total deposits were $470 million and assets were $674 million, representing increases of roughly 11% and 5%, respectively. ... read more
Androscoggin Bank Announces New Succession Plan
Lewiston, MAINE – January 29, 2010 – Androscoggin Bank, a community leader in financial services, today announced its senior management succession plan.
With the strong endorsement and encouragement of the company’s Board, Androscoggin Bank is pleased to announce that Paul H. Andersen will assume the role of President and CEO effective January 1, 2012. ... read more
Androscoggin Bank Announces “Free Shred Fridays”
Lewiston, MAINE – January 8, 2010 – Androscoggin Bank, a community leader in financial services, announced today that Maine residents can shred it up for free – at the bank and on Shawnee Peak.
Beginning January 8, Maine residents can shred their confidential documents for free on Fridays at any Androscoggin Bank location – and, in turn, get a $10 off lift ticket to shred the mountain later at Shawnee Peak. ... read more
